Gold futures on track for biggest one-day loss for the month
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2024
0mins
Source: MarketWatch
- Gold Futures Decline: Gold futures experienced their largest single-session loss this month, retracting from a three-week high.
- Profit-Taking by Gold Investors: Investors engaged in profit-taking activities at the beginning of the week, anticipating crucial U.S. inflation data.
- Market Analyst's View: Han Tan, chief market analyst at Exinity, highlighted the profit-taking behavior among gold bugs.
- Ongoing Market Trends: The article mentions ongoing market trends but does not provide specific details.
- Subscription Requirement: Readers are prompted to subscribe or sign in to access the full content.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
